With 64.82% From The Low, Is Vital Farms Inc (NASDAQ:VITL) Up For More Gains?

EVTL

In last trading session, Vital Farms Inc (NASDAQ:VITL) saw 0.86 million shares changing hands with its beta currently measuring 0.96. Company’s recent per share price level of $29.28 trading at -$1.23 or -4.03% at ring of the bell on the day assigns it a market valuation of $1.26B. That closing price of VITL’s stock is at a discount of -65.33% from its 52-week high price of $48.41 and is indicating a premium of 64.82% from its 52-week low price of $10.30. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.65 million shares which gives us an average trading volume of 913.23K if we extend that period to 3-months.

For Vital Farms Inc (VITL), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 1.57. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.13 in the current quarter.

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Vital Farms Inc (NASDAQ:VITL) trade information

Upright in the red during last session for losing -4.03%, in the last five days VITL remained trading in the red while hitting it’s week-highest on Tuesday, 09/03/24 when the stock touched $29.28 price level, adding 9.29% to its value on the day. Vital Farms Inc’s shares saw a change of 86.62% in year-to-date performance and have moved -5.24% in past 5-day. Vital Farms Inc (NASDAQ:VITL) showed a performance of -15.67% in past 30-days. Number of shares sold short was 6.84 million shares which calculate 5.92 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 27 to the stock, which implies a fall of -8.44% to its current value. Analysts have been projecting 12 as a low price target for the stock while placing it at a high target of 45. It follows that stock’s current price would jump 59.02% in reaching the projected high whereas dropping to the targeted low would mean a gain of 59.02% for stock’s current value.

Vital Farms Inc (VITL) estimates and forecasts

Statistics highlight that Vital Farms Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 47.14% of value to its shares in past 6 months, showing an annual growth rate of 88.14% while that of industry is 10.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 26.50% from the last financial year’s standing.

7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 144.71M for the same. And 7 analysts are in estimates of company making revenue of 156.75M in the next quarter. Company posted 110.37M and 135.81M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 31.87% during past 5 years.

Vital Farms Inc (NASDAQ:VITL)’s Major holders

Insiders are in possession of 34.40% of company’s total shares while institution are holding 72.95 percent of that, with stock having share float percentage of 111.21%. Investors also watch the number of corporate investors in a company very closely, which is 72.95% institutions for Vital Farms Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at VITL for having 3.73 million shares of worth $174.55 million. And as of 2024-06-30, it was holding 8.9301 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 2.1 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.0336 of outstanding shares, having a total worth of $98.39 million.